In Thursday morning’s update, Stephen Whiteside from TheUpTrend.com reviewed pre-market activity, noting mixed index futures and upcoming economic data releases like GDP and jobless claims. He highlighted the market’s bullish bias heading into month-end and a long weekend, while focusing on NVIDIA’s earnings and key price levels that could trigger a sell signal. Canadian banks posted strong earnings with the exception of National Bank, while U.S. banks also showed strength.
The update also covered Bitcoin, which remains on a sell signal despite a longer-term uptrend, along with related crypto stocks showing mixed results. Commodities were reviewed with crude oil and silver still on buy signals, while natural gas showed renewed strength. The presentation closed with a reminder of key economic data at 8:30 and the importance of timing the market.
Stephen Whiteside
Thursday, August 28, 2025
